Harvestnet International

Analysis

Harvestnet International is a registered charity in United States, based in Ephrata, PA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harvestnet International reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $856k to $1.2m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harvestnet International sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Merkos L Inyounei Chinuch Lubavitch of Indiana Inc ($1.2m), Net Works Cooperative Ministry Inc ($1.2m) and Wesleyan Covenant Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $324k. At year end it held assets of $526k against liabilities of $4,712, net assets of $522k. It reported 11 employees.